Ledn, a crypto lender, reported a 225% increase in retail loans, totaling $506 million in loan transactions in Q3. Institutional clients received $437.7 million in loans, while retail clients saw a surge to $68.9 million. The rise in retail loans is attributed to the Celsius refinancing program, crypto ETF launches, and reduced market volatility. Ledn has processed $1.67 billion in loans this year, with $258.7 million for retail users and $1.41 billion for institutions. The growing demand for digital asset-backed lending is driven by tighter monetary policies, competition for funding, and market events like Bitcoin halving and Ethereum ETF introductions. Ledn's CIO noted a spike in institutional demand in July, possibly influenced by the SEC's approval of Ethereum ETFs. The market anticipates the US elections as a potential catalyst for Bitcoin's price surge. Read more AI-generated news on: https://app.chaingpt.org/news